What are recurring charges?

11 May 2022 By PAYCEC

Recurring billing is a payment strategy that allows business owners to charge their consumers for items or services at predetermined intervals (weekly, monthly, annually, or at custom intervals).

Any organization that provides services on a recurring basis can employ recurring billing.

The following are some instances of companies that use recurring billing:

  • Businesses that bill based on usage (metered) billing
  • Subscriptions to newspapers and magazines
  • Joining a gym memberships

A recurring credit card payment, also known as a Continuous Payment Authority (CPA), is an authorization given by the client to the merchant to accept payments by debit or credit card on a regular basis. These payments are still made unless the customers terminate the agreement.

A CPA allows a merchant to withdraw funds from a customer's account on specified dates and for varying amounts without requiring further authorization.

Continuous Payment Authorities can be created online, over the phone, or in person.

The customer provides their debit or credit card data to provide a merchant with Continuous Payment Authority on a card account.

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